04
Mar
10:13
Tsingshan upends nickel markets and stainless costs
The forecast of increased supply of nickel matte from Tsingshan caused nickel prices to fall sharply on Thursday. The new process being used however could tighten nickel pig iron (NPI) supply, Kallanish notes.
Three-month nickel on the London Metal Exchange dropped as much as 8.5% to $15,945/tonne on Thursday, reaching its biggest intraday loss since December 2016. The most-traded June nickel contract on the Shanghai Futures Exchange ended 6% lower at CNY 130,510/…
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Anonymous
Very good overview of the weekly steel market.
Anonymous